Boston, MA -- (SBWire) -- 02/11/2013 --Although the size of the Bahraini insurance industry is relatively small in the Gulf Cooperation Council (GCC) region, it grew considerably at a CAGR of 8.9% during the review period (2007-2011). Such growth was a result of robust economic development in the country, large public infrastructure spending, a rapidly growing population and compulsory insurance provisions such as third-party motor insurance. These factors are expected to continue to support the growth of the industry over the forecast period, which will record a CAGR of 10.3%. Despite this growth potential, the insurance industry is expected to remain under pressure due to ongoing political unrest in the country and the GCC region.
View Full Report Details and Table of Contents
Key Highlights
- Although the size of the Bahraini insurance industry is relatively small in the Gulf Cooperation Council (GCC) region, it grew considerably at a CAGR of 8.9% during the review period (2007-2011).
- Such growth was a result of robust economic development in the country, large public infrastructure spending, a rapidly growing population and compulsory insurance provisions such as third-party motor insurance.
- These factors are expected to continue to support the growth of the industry over the forecast period, which will record a CAGR of 10.3%.
- Despite this growth potential, the insurance industry is expected to remain under pressure due to ongoing political unrest in the country and the GCC region.
Scope
This report provides a comprehensive analysis of the insurance industry in Bahrain:
- It provides historical values for the Bahraini insurance industry for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in Bahraini insurance industry, along with forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
- It profiles the top insurance companies in Bahrain and outlines the key regulations affecting them
Reasons to Get this Report
- Make strategic business decisions using in depth historic and forecast industry data related to the Bahraini insurance industry and each segment within it
- Understand the demand-side dynamics, key trends and growth opportunities within the Bahraini insurance industry
- Assess the competitive dynamics in the Bahraini insurance industry
- Identify the growth opportunities and market dynamics within key segments
- Gain insights into key regulations governing the Bahraini insurance industry and its impact on companies and the industry's future
Companies Mentioned in this Report: Bahrain Kuwait Insurance Co., Bahrain National Insurance Co., Gulf Union Insurance & Reinsurance Company BSC, Bahrain National Life Assurance Co., Al Ahlia Insurance Co.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- The Insurance Industry in Denmark, Key Trends and Opportunities to 2016
- The Insurance Industry in Finland, Key Trends and Opportunities to 2016
- Life Insurance in South Korea, Key Trends and Opportunities to 2016
- The Insurance Industry in Sweden, Key Trends and Opportunities to 2016
- The Insurance Industry in Thailand, Key Trends and Opportunities to 2016
- The Insurance Industry in Morocco, Key Trends and Opportunities to 2016
- Life Insurance in the Netherlands, Key Trends and Opportunities to 2016
- The Insurance Industry in Norway, Key Trends and Opportunities to 2016
- Life Insurance in South Africa, Key Trends and Opportunities to 2016: Micro Insurance Programs and Rural Insurance Penetration Key to Market Expansion
- The Insurance Industry in Lebanon, Key Trends and Opportunities to 2016
"The Insurance Industry in Bahrain, Key Trends and Opportunities to 2016" - New Market Report
New Financial Services research report from Timetric is now available from Fast Market Research